Flood insurance deductible options are as follows. You can choose a higher deductible to lower the overall cost of flood insurance or a lower deductible which can be costly. Both the NFIP and private insurance companies offer these types of deductibles. Deductibles through the NFIP may be eligible for a discount.
While flood coverage through the NFIP is less expensive, your options may be limited if your area is at low risk for flooding. With flood insurance through the NFIP, you can receive a 2.5% discount by increasing your building deductible by $1,000. For content insurance, you can get a discount of 5% if you change your deductible for the same amount.
Still, trying to figure out your flood insurance deductible options? Holt Flood Insurance is here for you. With over 30 years of flood insurance experience, we can help you with all your flood insurance needs. Whether you have coverage through the NFIP or our other private insurance companies, we can look at your policy and decide which options suit you. And if you're new to flood insurance and need to be aware of your options, we can help you there too.
For more information on flood insurance deductible options, visit our website or call us at (540)809-1415. We will answer any questions you may have. Contact Holt Flood Insurance today.
We contacted Mr. Holt for an estimate via email over the weekend prior to a closing on a property, hoping for a response on the following Monday to take with us with confidence in being insured at the settlement table on a Tuesday. He exceeded our expectations not once but in readily responding to the initial request and then to follow-up questions all during the weekend frenzy that occurs before closing. "Impressive and responsive customer service," for sure! Ken Reuwer I have no problem giving you an A1 reference for taking care of the flood policies for me and Diane. I appreciate you working with the mortgage company: the surveyor and our previous agent. The result was a 75% reduction in our flood insurance premiums! Mike Edwards I have known Tim for many years and he is a man with great integrity, work ethic and one of the nicest persons I know. Over the years Tim has provided insurance counseling and advice to our company, for myself personally, as well as to our clients. Recently Tim, took time to analyze our flood insurance policy and he was able to make some excellent recommendations. Our flood insurance costs are now less and we have much better coverage. I recommend Tim to anyone without hesitation or reservation. Edward Semambya, CPA
